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Park Central

 
 

29-33 Darcy Rd Westmead NSW 2145 Australia

Investment Property in Westmead, Sydney, New South Wales
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Apartment A  78

Select Investment Property: 

Physical Attributes

Block: A Level: 3
Status: Available Compass: East of Sydney
Aspect: North Title: Strata
Bedrooms: 1 Bathrooms: 1 (0 Ensuite)
 
Internal Area: 56 sqm External Area: 8 sqm
Total Area: 64 sqm
Views: No Furniture Package: Park Central apartments all feature quality brand stainless steel appliances including dishwasher, under bench wall oven, gas cook top & exhaust hood, Caesar Stone bench tops and ducted air conditioner throughout.
Parking:
Start Date: 01/05/2010 Completion Date: 01/03/2012
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
Rental Guarantee: $380-$500 per week
 
Investment Property Overview
This is an apartment investment property within the Park Central project. It also includes a dining room, a lounge room, laundry, built-in wardrobes. The kitchen is equipped with cooktop, oven, rangehood. Other features include stainless steel appliances. Within the development comprise security parking, security building.

PARK CENTRAL offers an ideal home with

broad appeal for young or not-so-young,

working or retired, adult or child... PARK

CENTRAL has something for everyone.

All bedrooms, living & dining areas are

carpeted throughout. Bathrooms &

ensuite’s feature polished ceramic tiles

and Caesar Stone vanity.

Large glass windows amplify space and

natural light in all rooms. Living areas

sprawl onto balconies providing enhanced

cross ventilation and expansive options

in design and living space.The laundry area is tiled throughout and includes a laundry tub and clothes dryer.

Ensuite is featured in all main bedrooms,

built-in wardrobes in all the bedrooms,

wall mounted clothes dryer in the laundry,

open plan living areas with balconies

& alarm system with security video

intercom.

All apartments include of one car space

with security gated undercover basement

car parking & separate individual storage

cage facilities.

Investment Information

Price: $377,400
Capital Growth
 
Capital Growth
Historical and Predictive capital growth data provided by Residex and updated at the end of Q1 each year.
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
Total Return: 11.46% 5.25% p.a. (Historical)
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
Weekly Cash Flow: -$28 5.50% (2009)
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
IRR: 21.76% 6.04% p.a. (5 year predictive)
Gross Yield: 5.42%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
Population Changes
 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
Net Yield: 3.85%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
1.25% p.a. (Historical)
Min Cash Deposit: 10% 2.41% (2009)
Stamp Duty: $12,473
 Market Rent: $410 per week. 
 
 
Depreciation
Amount that may be depreciated where tax allowances apply (subject to investor's circumstances).

Applicable for both building and fixtures.

Depreciation

Building: $44,289 Fixtures: $173,281
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These costs are estimates provided by the lister of the property and are factored into all performance calculations.

Levies

Council: $950 p.a. Water: $550 p.a.
Strata Fee: $2,400 p.a.
 
Expenses
Management Fee$1433
Land Lord Insurance$350
Maintenance$250
Strata$2,400
Council$950
Water$550
Year 1 Expenses$5,933
10 Year Average$6,770
Expenses are indexed to CPI.
Expenses: $5,933
 
 
Investment Assumptions
These are the values that have been used or entered by you at the top of the page to perform the calculations.

Your Investment Assumptions

Total Income: $85,000
 
Loan Amount
Price:$377,400
+Stamp Duty:$12,473
+Conveyancing:$1,500
+Dep. Report:$545
+Closing Costs:$0
+Loan Costs:$3,542
-Cash Invested$37,740
Loan Amount$357,720
Loan Amount: $357,720
Rent Per Week: $410 Rental Vacancy Rate: 4.00%
Interest Rate: 7.25% Inflation Rate: 2.9%
Cash Deposit: $37,740 NRAS: No
 
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